136
136
Dec 29, 2012
12/12
by
CNNW
tv
eye 136
favorite 0
quote 0
let's look at the economy. obviously across-the-board tax increases would hurt the economy, but what would the real economic reaction be to small tax increases on the wealthiest americans? now, annie lowry of "the new york times" is still with us. i have to make sure my viewers understand i am not advocating for tax increases on the rich. gene is a senior writer. kevin haas, senior director at the american enterprise institute, the author of much of mitt romney's economic policy, a good friend of the show. gene, let me start with you. tax increases on people making more than $250,000 a year. use that as a number. might be $400,000, half a million, a million. take $250,000. if you increase taxes, the marginal tax rate from 35% to 39.6% on that group of people, does it hurt the economy? >> well, i'm going to use estimates from the congressional budget office, which is a nonpartisan scorekeeper for congress. they found if you let those bush tax cuts on high-income folks expire at that level it would not boost the
let's look at the economy. obviously across-the-board tax increases would hurt the economy, but what would the real economic reaction be to small tax increases on the wealthiest americans? now, annie lowry of "the new york times" is still with us. i have to make sure my viewers understand i am not advocating for tax increases on the rich. gene is a senior writer. kevin haas, senior director at the american enterprise institute, the author of much of mitt romney's economic policy, a...
178
178
Dec 31, 2012
12/12
by
CNNW
tv
eye 178
favorite 0
quote 0
others think if you increase taxes it will hurt the economy. that may actually have some truth to it. but there's a tone deafness out there that has now superseded all of this, congressman, and it is -- we just heard mitch mcconnell, i don't know why people say things like this, but they make people wonder about legislators saying on the floor of the senate, i worked all day saturday to get this thing done. there's been -- i can't say this enough times. you have had 516 days to get this done and you have had 12 years to deal with the bush era tax cuts. what's the problem? >> you know, ali, i can't agree with you more. we actually passed a budget in the house back in the springtime, passed it to the senate. the senate was unable to pass a budget at all. they actually voted down the president's budget 97-0. so while the democrats are talking so much about the president's leadership, they did not support him back in the spring. in august the house passed a continuation of the current tax rate, a bill which the senate could have taken up in august,
others think if you increase taxes it will hurt the economy. that may actually have some truth to it. but there's a tone deafness out there that has now superseded all of this, congressman, and it is -- we just heard mitch mcconnell, i don't know why people say things like this, but they make people wonder about legislators saying on the floor of the senate, i worked all day saturday to get this thing done. there's been -- i can't say this enough times. you have had 516 days to get this done...
177
177
Jan 2, 2013
01/13
by
CNNW
tv
eye 177
favorite 0
quote 0
that's how our economy works best. that's hough we grow. the sum total of all the budget agreements we've reached so far proves that there is a path forward that, it is possible if we focus not on our politics but what's -- but on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little bit less brinksmanship, not scare the heck out of folks quite as much. we can come together as democrats and republicans to cut spending and raise revenue in a way that reduces our deficit, protects the middle class and provides ladders into the middle class for everybody who is willing to work hard. we can set this will debate or at the very least into the allow it to be so all consuming all the time that it stops us from meeting a host of other challenges that we face, creating jobs, boosting incomes, fixing our infrastructure, fixing our immigration system, protecting our planet from the harmful effects of climate change
that's how our economy works best. that's hough we grow. the sum total of all the budget agreements we've reached so far proves that there is a path forward that, it is possible if we focus not on our politics but what's -- but on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little bit less brinksmanship, not scare the heck out of folks quite as much. we...
140
140
Jan 2, 2013
01/13
by
CNNW
tv
eye 140
favorite 0
quote 0
that's how our economy works best. that's hough we grow. the sum total of all the budget agreements we've reached so far proves that there is a path forward that, it is possible if we focus not on our politics but what's -- but on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little bit less brinksmanship, not scare the heck out of folks quite as much. we can come together as democrats and republicans to cucut spending and raise revenue in a way that reduces our deficit, protects the middle class and provides ladders into the middle class for everybody who is willing to work hard. we can set this will debate or at the very least into the allow it to be so all consuming all the time that it stops us from meeting a host of other challenges that we face, creating jobs, boosting incomes, fixing our infrastructure, fixing our immigration system, protecting our planet from the harmful effects of climate chan
that's how our economy works best. that's hough we grow. the sum total of all the budget agreements we've reached so far proves that there is a path forward that, it is possible if we focus not on our politics but what's -- but on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little bit less brinksmanship, not scare the heck out of folks quite as much. we...
177
177
Dec 29, 2012
12/12
by
CNNW
tv
eye 177
favorite 0
quote 0
and we all know the consumer is the backbone of this economy. and if the consumer doesn't have confidence what the fiscal regime is going to be, they're liable not to spend. you asked the question, what's wrong? >> go ahead, go ahead. >> i'm sorry, you asked what's wrong with washington. look, i think, you know, we're coming to the realization in washington that we have to pay for the benefits that we give to our citizens in this country at some point. and it's a difficult message politically to deliver to your constituents. so i think until we can get leadership in terms of belt tightening in terms of making priorities in terms of what we want to pay for, in terms of what's best for the economy, we're going to continue to have these sort of fiscal-cliff type episodes. another debt ceiling debate coming up early part of next year, as well. >> yes, we do. >> i hope we can get leadership. >> okay, thanks, dylan glenn, thanks so much. >>> so what could the fiscal cliff mean for wall street and your retirement fund? i'm going to ask independent new
and we all know the consumer is the backbone of this economy. and if the consumer doesn't have confidence what the fiscal regime is going to be, they're liable not to spend. you asked the question, what's wrong? >> go ahead, go ahead. >> i'm sorry, you asked what's wrong with washington. look, i think, you know, we're coming to the realization in washington that we have to pay for the benefits that we give to our citizens in this country at some point. and it's a difficult message...
166
166
Jan 2, 2013
01/13
by
CNNW
tv
eye 166
favorite 0
quote 0
this is not helpful to the economy, and it will hurt the economy. remember obama is not just raising taxes on the rich right now. we're about to enter a decade where a trillion dollars is going to be taken away from the american people in higher taxes to pay for obama-care. this was passed only by democrats. it is entirely a democrat tax increase. and it includes many taxes that directly hit middle income and lower income people. so obama's tax increase is not just the top tax rates. it's people -- if you have bad health problems and you spend more than 7.5% of your adjusted gross income on out of pocket health costs, you used to be able to deduct anything above that. thanks to obama's law, obama-care, that's now 10%. so $2 million to $3 million will be taken out of people average income $53,000 a year, who are lower income, middle income and sick. they're going to be paying taxes for obama-care. there's an avalanche of obama tax increases coming next year. >> i just want to point out, grover norquist, though, having said all that and everything you
this is not helpful to the economy, and it will hurt the economy. remember obama is not just raising taxes on the rich right now. we're about to enter a decade where a trillion dollars is going to be taken away from the american people in higher taxes to pay for obama-care. this was passed only by democrats. it is entirely a democrat tax increase. and it includes many taxes that directly hit middle income and lower income people. so obama's tax increase is not just the top tax rates. it's...
116
116
Jan 2, 2013
01/13
by
CNNW
tv
eye 116
favorite 0
quote 0
that's how our economy works best. that's hough we grow. the sum total of all the budget agreements we've reached so far proves that there is a path forward that, it is possible if we focus not on our politics but what's -- but on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little bit less brinksmanship, not scare the heck out of folks quite as much. we can come together as democrats and republicans to cut spending and raise revenue in a way that reduces our deficit, protects the middle class and provides ladders into the middle class for everybody who is willing to work hard. we can set this will debate or at the very least into the allow it to be so all consuming all the time that it stops us from meeting a host of other challenges that we face, creating jobs, boosting incomes, fixing our infrastructure, fixing our immigration system, protecting our planet from the harmful effects of climate change
that's how our economy works best. that's hough we grow. the sum total of all the budget agreements we've reached so far proves that there is a path forward that, it is possible if we focus not on our politics but what's -- but on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little bit less brinksmanship, not scare the heck out of folks quite as much. we...
658
658
Dec 30, 2012
12/12
by
CNNW
tv
eye 658
favorite 0
quote 0
economy, but we are are moving forward. people, that is where it hits you when it is not your fault and people are tired. in 2008 something happened to the economy that was with nobody's fault and created by people on high and now we are doing the same thing, and getting into something, what did i do to deserve this, the average american is thinking to themselves. >> and sitting here watching us and sitting on television and think that our salaries are inflated anyway and the pundits. >> well, fair to say it that is higher than the average american's salary and higher than 16 million people who don't have jobs in the country. >> very good analysis. >> well, what you are doing tonight of putting the people on the street of putting those videos of facebook videos and putting the social media reaction is useful, because the people in washington need to hear from the everyday american. i was at target today, and i got approached by three different people who recognize me from cnn asking about this. this is not going to happen f
economy, but we are are moving forward. people, that is where it hits you when it is not your fault and people are tired. in 2008 something happened to the economy that was with nobody's fault and created by people on high and now we are doing the same thing, and getting into something, what did i do to deserve this, the average american is thinking to themselves. >> and sitting here watching us and sitting on television and think that our salaries are inflated anyway and the pundits....
65
65
Dec 30, 2012
12/12
by
CNNW
tv
eye 65
favorite 0
quote 0
although much of the european union also had a rough time with the economy this year. worst flight plan. north korea's missiles. worst power play. iran's nuclear program. worst continuing conflict, syria. worst strike against american diplomacy, the attack in benghazi, libya, that killed american ambassador, chris stevens and three others. best boots on the ground. u.s. troops in afghanistan, almost a dozen years after they were sent, still waging the longest war in american history. and best and worst continuing turmoil. give it to egypt. a big player in the arab spring. it's still stumbling toward better days. >> democracy is not easy. we've been cruz on awesome democratic auto pilot for a long time now. and, you know, our idea of democracy is signing a facebook petition. so we're seeing what fighting for real democracy is like. >> worst navigation. the "costa concordia" sailed is into the headlines and stayed there for weeks after as many as 32 people were killed when the cruise ship ran aground off the coast of italy. >> that ship listing around and just the horrib
although much of the european union also had a rough time with the economy this year. worst flight plan. north korea's missiles. worst power play. iran's nuclear program. worst continuing conflict, syria. worst strike against american diplomacy, the attack in benghazi, libya, that killed american ambassador, chris stevens and three others. best boots on the ground. u.s. troops in afghanistan, almost a dozen years after they were sent, still waging the longest war in american history. and best...
274
274
Jan 1, 2013
01/13
by
CNNW
tv
eye 274
favorite 0
quote 0
greece is the 32nd largest economy in the world. the u.s. is the largest economy in the world. our gdp per capita is the eighth in the world. greece is the 32nd or something like that. everything we have is bigger than greece. the idea we will be like greece is just entirely incorrect. greece can't issue its own bonds, the u.s. can. the u.s. can borrow money at a rate of about 1.7% for ten years. he has a lot of points and a lot of it is just differences in ideology and belief, and that's okay, but those facts are very misleading. i hope he would stop saying that and others would stop saying that. the united states cannot be compared to greece on 99% of the levels other than the fact we're human beings and eat food. >> good point, ali. stand by, we have a lot more to worry about as far as the fiscal cliff is concerned. we're faollowing the other breaking news concerning the secretary of state. >> out of the senate, another scathing report today on the deadly attack in benghazi, libya. mary snow is back with that. >> wolf, the new report says terrorists walked right into the con
greece is the 32nd largest economy in the world. the u.s. is the largest economy in the world. our gdp per capita is the eighth in the world. greece is the 32nd or something like that. everything we have is bigger than greece. the idea we will be like greece is just entirely incorrect. greece can't issue its own bonds, the u.s. can. the u.s. can borrow money at a rate of about 1.7% for ten years. he has a lot of points and a lot of it is just differences in ideology and belief, and that's okay,...
224
224
Dec 27, 2012
12/12
by
CNNW
tv
eye 224
favorite 0
quote 0
let's talk about the effect on the economy. i think it's important to point out that it if no deal is reached by january 1st, some things will take effect right away. 2% increase in payroll taxes. no more unemployment benefits for 2 million americans. others will take a little longer to take effect. having said that, what will be the impact on the economy long-term, do you think? >> i think you have to look at this more than as a fiscal cliff but as a fiscal slide. what we're doing is we're beginning a slide and we're going to slide slowly if we don't do something by february we'll have a debt limit crisis that will also cause us so accelerate and reduce the confidence in the united states of america, which is something we should not allow to have happ happen. by march, all of a sudden there will be a payroll in tax increases in terms of what people have to pay whether it's estimated taxes or if your payroll, all these things will make it more difficult. we'll watch declining effort. this is not the same level as what the euro
let's talk about the effect on the economy. i think it's important to point out that it if no deal is reached by january 1st, some things will take effect right away. 2% increase in payroll taxes. no more unemployment benefits for 2 million americans. others will take a little longer to take effect. having said that, what will be the impact on the economy long-term, do you think? >> i think you have to look at this more than as a fiscal cliff but as a fiscal slide. what we're doing is...
221
221
Dec 31, 2012
12/12
by
CNNW
tv
eye 221
favorite 0
quote 0
much has to do with the improving economy. the question is what will happen when we go on over the cliff, will we see stocks fall and what will happen to the economy? we know it wouldn't look good for the economy at this point. christine. >> no, it won't. thank you. here's how the markets are reacting as we edge closer to the fiscal cliff and investors brace for the potential fallout. oh, let me guess --ou see this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> okay, guys. time to forget about all the fiscal cliff negotiations for just a moment. why? because the entire world is it throwing a giant party to ring in the new year. alina choi is d
much has to do with the improving economy. the question is what will happen when we go on over the cliff, will we see stocks fall and what will happen to the economy? we know it wouldn't look good for the economy at this point. christine. >> no, it won't. thank you. here's how the markets are reacting as we edge closer to the fiscal cliff and investors brace for the potential fallout. oh, let me guess --ou see this? more washington gridlock. no, it's worse -- look, our taxes are about to...
145
145
Jan 2, 2013
01/13
by
CNNW
tv
eye 145
favorite 0
quote 0
economy and the world economy, by standing on principle. certainly the principle is very important to a lot of these republicans but again, that's why the speaker has been going through, you know, this is actually a good way that somebody put it to me here, that republicans in the house who came in two years ago vowing to cut spending and keep taxes low over the past couple of days has been trying to go through the stages of grief and now they're just about getting to the seventh stage of grief. >> let me ask this quick question. there are people who seem to think a new congress starts with the swearing in of a new president. that is not true. the new congress takes office when? >> reporter: thursday. january 3rd. that's when the new congress is sworn in and i should tell you that democrats still control the senate with more seats. republicans still control the house but democrats do have more seats. so that will definitely change the dynamic. >> don't go anywhere. i know you are not going to go. you will go talk to people and find out what
economy and the world economy, by standing on principle. certainly the principle is very important to a lot of these republicans but again, that's why the speaker has been going through, you know, this is actually a good way that somebody put it to me here, that republicans in the house who came in two years ago vowing to cut spending and keep taxes low over the past couple of days has been trying to go through the stages of grief and now they're just about getting to the seventh stage of...
187
187
Dec 30, 2012
12/12
by
CNNW
tv
eye 187
favorite 0
quote 0
think of it as, well this way, our economy is in a car headed toward that cliff and there's a lot of stake, including massive spending cuts and social programs and defense, expiration you the bush era tax cut, increases in other taxes on families like the alternative minimum tax and the expiration of the payroll tax holiday, there's this to think of, for 2 million unemployed worker, the loss of unemployment benefits. we have asked experts to join us for a fiscal cliff roundtable discussion, if you will. ron brownstein is a senior -- cnn senior political analyst and editorial director of the national journal and stephen moore, senior economics writer at the "wall street journal" and is in washington, d.c. first up, ron, will, do you think, these politicians reach a deal or not and why or why not? >> the fiscal cliff was yeelted as a doomsday machine to try to give them more will power to do what they can't do on their own, to reach a deal. the reason all of this was here, incentive to reach a deal, some of your guests pointed out during the day, a lot can go wrong when you leave is it
think of it as, well this way, our economy is in a car headed toward that cliff and there's a lot of stake, including massive spending cuts and social programs and defense, expiration you the bush era tax cut, increases in other taxes on families like the alternative minimum tax and the expiration of the payroll tax holiday, there's this to think of, for 2 million unemployed worker, the loss of unemployment benefits. we have asked experts to join us for a fiscal cliff roundtable discussion, if...
288
288
Dec 29, 2012
12/12
by
CNNW
tv
eye 288
favorite 0
quote 0
and romney set his sights on the president. >> it is still about the economy. and we arestupid. >> reporter: at number nine, bain. not that one. that one. almost as soon as romney had locked up the nomination, his former private investment firm, bain capital, was sacrificed by the super pacs, and the obama campaign. >> they sucked the life out of us. >> reporter: the attack ads put romney on the defense for months. >> there is nothing wrong with being associated with bain capital, of course. >> reporter: romney vowed to strike down the health care law himself. >> i am that one that is going to get rid of obama care. >> reporter: at number seven, gas. >> governor romney, do you feel the gas over shadowed the foreign trip? >> reporter: the candidate's missteps dominated. or in romney's case, the entire foreign trip, whereporters. >> this is a holy site. >> reporter: then at number six, the conventions were remembered less for the nominees and running mates, and more for. >> what do you want me to tell romney? he can't do that to himself. >> reporter: the warmup a
and romney set his sights on the president. >> it is still about the economy. and we arestupid. >> reporter: at number nine, bain. not that one. that one. almost as soon as romney had locked up the nomination, his former private investment firm, bain capital, was sacrificed by the super pacs, and the obama campaign. >> they sucked the life out of us. >> reporter: the attack ads put romney on the defense for months. >> there is nothing wrong with being associated...
50
50
Dec 30, 2012
12/12
by
CNNW
tv
eye 50
favorite 0
quote 0
betting on a better economy. coming up snake eyes in some places and dealing wild cards in others. now weave got the odds makers to break it all down. from cnbc's "the talk" aisha tyler, ben stein, julie mason and standup guy pete dominic. isha seshay and the cake boss buddy velastro on all the best, all the worst 2012. >> welcome. i'm tom foreman and this was a year for lefing dangerously. whether flirting with the fiscal cliff or sky diving from the edge of space or buying a powerball ticket, risk taking was back in vogue. as we head into the new year, we're going to look back at all the risky business that brought us here, in the economy, entertainment, sports, pop culture and technology. and in the biggest, baddest game of all. give it to the twin pillars of politics, the relentless candidates barack obama and mitt romney for waging the best and worst presidential campaign of the year. >> thank you, thank you, thank you. >> thank you so much. >> best because it was at times a rivetting battle for control of the nation. worst because it often became a war of cheap shots, questio
betting on a better economy. coming up snake eyes in some places and dealing wild cards in others. now weave got the odds makers to break it all down. from cnbc's "the talk" aisha tyler, ben stein, julie mason and standup guy pete dominic. isha seshay and the cake boss buddy velastro on all the best, all the worst 2012. >> welcome. i'm tom foreman and this was a year for lefing dangerously. whether flirting with the fiscal cliff or sky diving from the edge of space or buying a...
132
132
Dec 29, 2012
12/12
by
CNNW
tv
eye 132
favorite 0
quote 0
i think extending unemployment insurance is a big negative for the economy. i don't see why republicans would want to do that and they don't. what's sort of in this deal for the republicans? there's no real spending cuts here. in fact, there's a spending increase in exchange for a tax credit. i see republicans walking away from the table on that. we need real serious spending cuts and they're just not being presented here. >> that's part of the tragic aspect of this whole kabuki. working toward a deal, the president was offering some entitlement reform -- >> what entitlement reform? >> changed cpi on social security, talked about raising the eligibility age, that's not nothing from a democratic president. >> the democrats never put raising the eligibility age of medicare on the table, that was one of the reasons the negotiations broke down. >> there's a reason for that and the reason is simple. you can't do this in a two-day period. we need a deal which is going to get us over the tax cliff so we don't have the increase in tax rates. but an entitlement reform
i think extending unemployment insurance is a big negative for the economy. i don't see why republicans would want to do that and they don't. what's sort of in this deal for the republicans? there's no real spending cuts here. in fact, there's a spending increase in exchange for a tax credit. i see republicans walking away from the table on that. we need real serious spending cuts and they're just not being presented here. >> that's part of the tragic aspect of this whole kabuki. working...
246
246
Dec 31, 2012
12/12
by
CNNW
tv
eye 246
favorite 0
quote 0
our economy can't afford it. today it appears that an agreement to prevent this new year's tax hike is within sight. it's not done. there are still issues left to resolve, but we're hopeful that congress can get it done. it's not done. so part of the reason that i wanted to speak to all of you here today is to make sure it that we emphasize to congress and that members of both parties understand that all across america this is a pressing concern on people's minds. now, the potential agreement that's being talked about would not only make sure the taxes don't go up on middle class families, it also would extend tax credits for families with children. it would extend our tuition tax credit that's helped millions of families pay for college. it would extend tax credits for clean energy companies that are creating jobs and reducing our dependence on foreign oil. it will extend unemployment insurance to 2 million americans who are out there still actively looking for a job. i have to say that ever since i took office,
our economy can't afford it. today it appears that an agreement to prevent this new year's tax hike is within sight. it's not done. there are still issues left to resolve, but we're hopeful that congress can get it done. it's not done. so part of the reason that i wanted to speak to all of you here today is to make sure it that we emphasize to congress and that members of both parties understand that all across america this is a pressing concern on people's minds. now, the potential agreement...
320
320
Dec 31, 2012
12/12
by
CNNW
tv
eye 320
favorite 0
quote 0
it's already affecting the economy. we learned confidence was at a four-year high in october, and it's plunged this month. congress has forced all of us to begin planning for the worst. >> 40 minutes after the hour. time to check top stories. venezuelan president hugo chavez is said to be suffering from complications following cancer surgery in cuba. they characterize chavez's health as delicate because of a respiratory infection. it's not clear whether the venezuelan leader will be able to return to his country for the start of his new six-year term scheduled to start on january 10th. >>> the second of two volunteer firefighters killed in an ambush on christmas eve will be laid to rest. 19-year-old thomas kaczowka will be laid to rest today. yesterday firefighters from all over the country as far as away as california, came to attend the funal of 19-year-old michael chapersky. >>> a woman charged with murder as a hate crime. police say menendez has hated muslims and hindus since 9/11, and told them she pushed 46-year-o
it's already affecting the economy. we learned confidence was at a four-year high in october, and it's plunged this month. congress has forced all of us to begin planning for the worst. >> 40 minutes after the hour. time to check top stories. venezuelan president hugo chavez is said to be suffering from complications following cancer surgery in cuba. they characterize chavez's health as delicate because of a respiratory infection. it's not clear whether the venezuelan leader will be able...
388
388
Jan 1, 2013
01/13
by
CNNW
tv
eye 388
favorite 0
quote 0
the bigger problem is how it hits the economy. if any of this starts to hurt the ability for people to spend, you start to feel that around you. that's where you see layoffs and people spending less. you probably would have seen more. we're just having people look at these bills and economists come out with their predictions. it will still slow things down a little bit because an increase in taxes tends to do that. probably no net effect. we're going to be talking about this in february again because the debt ceiling. we'll talk about it in march pause we have pushed forward that sequestration and the spending cuts decision. so we're not in the clear just yet. for the moment, the only difference you'll see is the payroll tax cut having gone away which means less out of your paycheck. >> the spending cuts, that's a huge deal that really was just glossed over almost. >> absolute ly. it won't be glossed over. it will be the political fight of the year. there's no question. a lot of those republicans have said now that the tax battle
the bigger problem is how it hits the economy. if any of this starts to hurt the ability for people to spend, you start to feel that around you. that's where you see layoffs and people spending less. you probably would have seen more. we're just having people look at these bills and economists come out with their predictions. it will still slow things down a little bit because an increase in taxes tends to do that. probably no net effect. we're going to be talking about this in february again...
210
210
Dec 29, 2012
12/12
by
CNNW
tv
eye 210
favorite 0
quote 0
the economy's growing. but sustaining that trend is going to require elected officials to do their jobs. >> o'brien, as we mentioned, you're there deep in the heart of texas. how are people reacting to all of this outside of the beltway? >> you know, martin, there's a real sense of frustration, frustration with the washington process, frustration with the political process, and you know, folks are looking to blame someone if this doesn't work if we indeed go over that cliff. we're seeing that one party may be getting more of the lion's share of the blame than the other. >> and it's clear that the public is very worried about this. here's what people told us in our poll, if we can take a look at that. i mean, it's basically 70% of the public here, very concerned and 28%, kind of a no-brainer here. where is the give and take in this process? >> well, one of the things that the american public are looking to washington for is a sense of compromise. they know you've got the senate -- the ball's in the senate's
the economy's growing. but sustaining that trend is going to require elected officials to do their jobs. >> o'brien, as we mentioned, you're there deep in the heart of texas. how are people reacting to all of this outside of the beltway? >> you know, martin, there's a real sense of frustration, frustration with the washington process, frustration with the political process, and you know, folks are looking to blame someone if this doesn't work if we indeed go over that cliff. we're...
267
267
Jan 1, 2013
01/13
by
CNNW
tv
eye 267
favorite 0
quote 0
growing big economy in the world. we're not counting india and china. they fall into a different category. whether or not cost cutting in the short order is dangerous or good for the economy. and that's the question. i don't think we disagree, wolf, that's it's got to be done. the issue is on the timing on when the cost curve has to change. >> lots of stuff happening right now. ali, stand by. everyone stand by. i want to show our viewers the picture of the scene outside the room where the vice president is briefing the senators. we suspect after that meeting senators will start coming to the microphones and tell us what happened inside. maybe the vice president will come to the microphone, maybe harry reid. this is the place to be. we'll get you the latest information. we're just a little more than two hours away from midnight. 2:20 to be precise. the fiscal clock is ticking. stand by, much more breaking news right after this. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away
growing big economy in the world. we're not counting india and china. they fall into a different category. whether or not cost cutting in the short order is dangerous or good for the economy. and that's the question. i don't think we disagree, wolf, that's it's got to be done. the issue is on the timing on when the cost curve has to change. >> lots of stuff happening right now. ali, stand by. everyone stand by. i want to show our viewers the picture of the scene outside the room where the...
201
201
Dec 31, 2012
12/12
by
CNNW
tv
eye 201
favorite 0
quote 0
the deficit is going to swamp the economy. and at that point you're going to have the debt crisis, and you're going to need a whole new stream of revenues. the only thing that paul krugman and paul ryan agree on, only a value added tax will solve this problem. by raising marginal tax rates to get us out of this potential crisis. so we need very, very steep spending cuts, all of the emphasis and debate has been over marginal tax rates which are really a minor part of the solution, no matter what political strife you happen to be. have you to realize that tremendous spending cuts are necessary and already -- any changes to social security have been ruled out in a short term solution, and it's going to be very difficult. the congressmen from oklahoma were correct. that it's going to be hand to hand combat in the next session in order to get any kind of cuts. no one is talking about major cuts. >> sean -- >> except some on the republican side. >> i hear what you're saying, it sounds like, you know, i've read that this fiscal cliff
the deficit is going to swamp the economy. and at that point you're going to have the debt crisis, and you're going to need a whole new stream of revenues. the only thing that paul krugman and paul ryan agree on, only a value added tax will solve this problem. by raising marginal tax rates to get us out of this potential crisis. so we need very, very steep spending cuts, all of the emphasis and debate has been over marginal tax rates which are really a minor part of the solution, no matter what...
247
247
Jan 2, 2013
01/13
by
CNNW
tv
eye 247
favorite 0
quote 1
demand into the economy creating jobs. we'll extend permanent tax relief for the middle class, for more than 98% of american taxpayers, more than 97% -- >> jessica yellin and dana bash working their sources to stay ahead. dana, when do we expect a vote to take place, within this hour? >> we do now. it's been moved up a little bit according to the republicans who run the show here. they say they do expect it probably within the next half hour to 45 minutes. perhaps it means that members are as tired as everybody else is, that they want to fin, the debate and go back. but one thing that i just mentioned before and i think it's worth saying again and that is the procedural vote that took place to get to us this point was very, very big, a big bipartisan vote, 408 members voted for it and that means almost all of the democrats voted for it. it is significant in that this is the kind of procedural vote that is almost always pretty partisan and it really does signal as you're hearing from the democratic leader, nancy pelosi on t
demand into the economy creating jobs. we'll extend permanent tax relief for the middle class, for more than 98% of american taxpayers, more than 97% -- >> jessica yellin and dana bash working their sources to stay ahead. dana, when do we expect a vote to take place, within this hour? >> we do now. it's been moved up a little bit according to the republicans who run the show here. they say they do expect it probably within the next half hour to 45 minutes. perhaps it means that...
320
320
Dec 31, 2012
12/12
by
CNNW
tv
eye 320
favorite 0
quote 0
but it could impact the economy too. beyond that another big impact on the economy, what about job loss in the private sector? think about all the companies out there that supply services or goods to the federal government? if sequestration sets in, many of them will not have the business they had before. that's going to have another big impact. and even if you don't work for the government or work for the government in some fashion in private industry, you still may be effected because of huge delays that could come into the system. and in this case, time really is money. you're talking about delays getting on airplanes because there may not be enough people to check you in. delays on your tax returns because there may not be enough people in the irs to check you out. there could be all sorts of issues that could ripple through the entire economy out here. so those are the real impacts that all of us could feel from sequestration. the problem, though, for republicans to say yes. but the reason sequestration was put into
but it could impact the economy too. beyond that another big impact on the economy, what about job loss in the private sector? think about all the companies out there that supply services or goods to the federal government? if sequestration sets in, many of them will not have the business they had before. that's going to have another big impact. and even if you don't work for the government or work for the government in some fashion in private industry, you still may be effected because of huge...
286
286
Dec 31, 2012
12/12
by
CNNW
tv
eye 286
favorite 0
quote 0
do you think that's good for the economy? >> the economy wants some stability. they want to know what tax rates are going to be -- are going to be. they want to know where the spending cuts are going to come from, which defense industries, for example, are going to lose federal money in terms of defense spending. they want to know what is going to happen to medicare and social security. they want that predictability, that gives them the confidence to go ahead and expand, to create jobs, and do what big business tries to do all the time. certainly that involves small businesses as well. they don't like the uncertainty and that's what we have right now, by kicking the can down the road, even if there is a short-term deal that will allow 98 or 98% of american families to not see an income tax increase, which is looking like it is going to be the case, it is still going to be -- it is still going to be kicking the can down the road over the next few months to get other parts of this arrangement done. we'll see what happens, but it is ugly, as you know, watching this
do you think that's good for the economy? >> the economy wants some stability. they want to know what tax rates are going to be -- are going to be. they want to know where the spending cuts are going to come from, which defense industries, for example, are going to lose federal money in terms of defense spending. they want to know what is going to happen to medicare and social security. they want that predictability, that gives them the confidence to go ahead and expand, to create jobs,...
151
151
Dec 31, 2012
12/12
by
CNNW
tv
eye 151
favorite 0
quote 0
scene whether the republicans being driven by a very extreme group of house members will allow our economy to pert because of their desire to protect multimillionaires in this country. that's what it's going to boil down to. >> any plan would need house speaker john baner to bring it to the floor for a vote. republican representative tom cole says he's confident that boehner can get the votes he needs. >> on the speaker's plan, he had over 200 republican votes, it's not as if he had an awfully strong hand to play, if it's a deal john boehner can accept, it will be passed in a bipartisan manner with a very strong majority. if on the other hand he's neutral or not favorable, his chances will be a lot slimmer. >> lisa desjardins following the fiscal cliff negotiations on capitol hill. do you have any good news for us, lisa? >> reporter: the news is a little better than it was earlier today. we know negotiations are still happening. there was a point today where we thought there was a total breakdown. tonight it's between senator mitch mcconnell and vice president joe biden. we're some of the
scene whether the republicans being driven by a very extreme group of house members will allow our economy to pert because of their desire to protect multimillionaires in this country. that's what it's going to boil down to. >> any plan would need house speaker john baner to bring it to the floor for a vote. republican representative tom cole says he's confident that boehner can get the votes he needs. >> on the speaker's plan, he had over 200 republican votes, it's not as if he had...
207
207
Dec 28, 2012
12/12
by
CNNW
tv
eye 207
favorite 0
quote 0
so they are worried about the economy. i think purely politically, obama will be strengthened once we go over. >> ryan lizza, thank very much. it's going to be an interesting couple of days. >> yeah, it sure is. >> thanks, ryan. >>> weapons of war on the streets of los angeles. details of a shocking find in a gun buyback program. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! let's say you want to get ahead how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. >>> they are d
so they are worried about the economy. i think purely politically, obama will be strengthened once we go over. >> ryan lizza, thank very much. it's going to be an interesting couple of days. >> yeah, it sure is. >> thanks, ryan. >>> weapons of war on the streets of los angeles. details of a shocking find in a gun buyback program. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that....
146
146
Dec 30, 2012
12/12
by
CNNW
tv
eye 146
favorite 0
quote 0
he talked about writing the economy again -- righting the economy again. immigration reform. and energy. in his top four he did not mention gun control until prompted by david gregory. take a listen. >> you know, i've been very clear that, you know, assault rifle ban, banning these high-capacity clips, background checks, that there are a set of issues i have historically supported and will continue to support. >> back with "time" magazine's michael crowley, hill's a.b. stoddard, karen tumulty, and cnn's chief white house -- cnn's chief -- white house correspondent jessica yellen. so, it was not a yes, we're going to get this gun thing done, whatever the gun thing is, whether it is school safety, combination of that and mental health, some kind of gun control. it was not uppermost on the president's mind. what do you make of that? >> he's not running into the breach and as a president you have to prioritize. >> about anything. >> really about any of those. he didn't seem that passionate about his second term agenda. he may still be figuring it out. he responded to a question w
he talked about writing the economy again -- righting the economy again. immigration reform. and energy. in his top four he did not mention gun control until prompted by david gregory. take a listen. >> you know, i've been very clear that, you know, assault rifle ban, banning these high-capacity clips, background checks, that there are a set of issues i have historically supported and will continue to support. >> back with "time" magazine's michael crowley, hill's a.b....
432
432
Dec 28, 2012
12/12
by
CNNW
tv
eye 432
favorite 0
quote 2
economy. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> as if the looming fiscal cliff wasn't enough to worry about, now 14,000 dockworkers at ports from massachusetts to texas are threatening to go on strike sunday. that could cost americans billions of dollars, because shipping costs on everything from shoes to cars would skyrocket. c
economy. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get...
196
196
Dec 26, 2012
12/12
by
CNNW
tv
eye 196
favorite 0
quote 1
the economy remains in the tank. you went after mitt romney today about his work at bain capital, you called him a greedy wall street so and so. was that the most sensible position, calling him a vulture? i mean, should you be on that side of the coin, given that you're a successful texas governor, a good businessman yourself? is that the best way to attack him? because if mitt romney now wins the nomination, haven't you just landed barack obama a perfect stick to beat him with? >> well, there is a real difference between a venture capitalist and a vulture capitalist. venture capitalists are good. they go in, they inject their capital, they create jobs. bain capital, on the other hand, it appears to me were vulture capitalists all too often. i don't get confused for a minute that barack obama and his team wouldn't attack mitt romney on that during a general election if he makes it that way. so if anything else, we're doing mitt a favor by exposing him early on so that he can either figure out how to defend that or, m
the economy remains in the tank. you went after mitt romney today about his work at bain capital, you called him a greedy wall street so and so. was that the most sensible position, calling him a vulture? i mean, should you be on that side of the coin, given that you're a successful texas governor, a good businessman yourself? is that the best way to attack him? because if mitt romney now wins the nomination, haven't you just landed barack obama a perfect stick to beat him with? >> well,...
201
201
Dec 30, 2012
12/12
by
CNNW
tv
eye 201
favorite 0
quote 0
make a deal and stop markets from going over the edge, stop this economy from going over the edge. they will ruin a good economy, martin this is ridiculous, irresponsible, disgusting behavior. >> you don't want to hear this kind of detailed conversation going on now? >> no. no. >> you want to get a deal done? >> forget t no more details. no more details. you had 550 dies come one details. today is not the day. today's only job is to come up with a deal that ainvestigators going over the fiscal cliff and anything other than that is absolute irresponsibility you congressional malpractice. >> any deal? in other words, say some sort of temporary fix or have to be that long-term overhaul? >> i don't think -- at this point, beggers can't be choosers. i don't think we are going to get a grand bargain. i don't think we are going to get a big deal with long-term stuff a lot of people object to that, they will call that kicking the can down the road, you know what martin, they are absolutely right. once again, we will kick the can down the road, but that's what happens, when you back yoursel
make a deal and stop markets from going over the edge, stop this economy from going over the edge. they will ruin a good economy, martin this is ridiculous, irresponsible, disgusting behavior. >> you don't want to hear this kind of detailed conversation going on now? >> no. no. >> you want to get a deal done? >> forget t no more details. no more details. you had 550 dies come one details. today is not the day. today's only job is to come up with a deal that...
202
202
Dec 26, 2012
12/12
by
CNNW
tv
eye 202
favorite 0
quote 0
it could have a huge and negative ripple effect on the economy. the strike could stop truckers and railroads right in their tracks. it can cause delays at factories and keep goods off store shelves. we got a taste of what this could be like. there was an eight-day strike in los angeles earlier this year costing an estimated $1 billion a day. you can imagine what this could wind up being if cooler heads don't prevail. >> talk to me a little bit more about the impasse here. >> reporter: it is about wages. it is about these sort of bonuses that they get for the weight of the cargo. the thing is, some are asking president obama to step in because what president obama could do, they could invoke a federal law to get everybody to kind of step aside and come to some sort of agreement. so it's going to be interesting to watch because the deadline really is fast approaching. >> can the government do anything? >> reporter: well, if president obama steps in, it could. but this really is a battle between the workers and the union and wages and these bonuses.
it could have a huge and negative ripple effect on the economy. the strike could stop truckers and railroads right in their tracks. it can cause delays at factories and keep goods off store shelves. we got a taste of what this could be like. there was an eight-day strike in los angeles earlier this year costing an estimated $1 billion a day. you can imagine what this could wind up being if cooler heads don't prevail. >> talk to me a little bit more about the impasse here. >>...
399
399
Dec 27, 2012
12/12
by
CNNW
tv
eye 399
favorite 0
quote 1
economy. neither the longshore's union or alliance shipping company would allow anyone to speak on camera. but officials knowledgeable of the negotiations say it boils down to one issue. the key sticking point is the payments that the longshore men get for them. they pay royalties for the containers based on their weight but the shipping companies want to freeze those royalty payments for current longshore men and eliminate them for future hires. the longshore men say the royalties are made to make up for automation. but if the shipping companies lockout the longshore men -- >> that would impact more than containers. that would impact all cargos at ports. that would have a much more impactful reaction. $55 billion worth of cargo in an average month this year. candy? >> brian, i have to imagine retail companies and others who want those goods off the ships and in their stores have to be plenty worried. do they have a plan b to move those goods if there's a strike? >> reporter: yes. some of them
economy. neither the longshore's union or alliance shipping company would allow anyone to speak on camera. but officials knowledgeable of the negotiations say it boils down to one issue. the key sticking point is the payments that the longshore men get for them. they pay royalties for the containers based on their weight but the shipping companies want to freeze those royalty payments for current longshore men and eliminate them for future hires. the longshore men say the royalties are made to...
213
213
Dec 26, 2012
12/12
by
CNNW
tv
eye 213
favorite 0
quote 0
he's been very vocal about what he thinks how much harm could wreak on our economy, on the global economy. but the timing of this is very key. congress comes back in session tomorrow, starting tomorrow morning in the d.c. area and in virginia, they're going to write "come together" on your starbucks cup, to try to send washington that message, that you need to get a deal done before the end of the year. let's show people the ad, as well, that they're going to see, in "the new york times" and in "the washington post," coming from starbucks as well. but, yeah, howard schultz has been very outspoken. we sat down for a lengthy interview earlier this month, and he explains to me why he thinks it's so imperative that congress reaches a deal. take a listen. >> the real difference today versus perhaps any other time in history is that this single issue that has a seismic effect on the rest of the world, that we have never been as connected and the domino effect of a bad outcome here will have significant negative consequences, domesticically an around the world, not the least of which will be the
he's been very vocal about what he thinks how much harm could wreak on our economy, on the global economy. but the timing of this is very key. congress comes back in session tomorrow, starting tomorrow morning in the d.c. area and in virginia, they're going to write "come together" on your starbucks cup, to try to send washington that message, that you need to get a deal done before the end of the year. let's show people the ad, as well, that they're going to see, in "the new...
298
298
Dec 31, 2012
12/12
by
CNNW
tv
eye 298
favorite 0
quote 0
economy would be right now. >>> next, scandal. can you guess who made our list because of bad behavior? new prilosec otc wildberry is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. >>> i'm don lemon with a look at your headlines. hillary clinton will spend new year's eve in a new york city hospital with a blood clot. doctors admitted the secretary of state sunday after a medical exam. the clot is believed to be related to the concussion she suffered earlier this month. when she fainted from the effects of a stomach virus. doctors want to keep her and a close eye on her for 48 hour
economy would be right now. >>> next, scandal. can you guess who made our list because of bad behavior? new prilosec otc wildberry is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab...
56
56
Dec 31, 2012
12/12
by
CNNW
tv
eye 56
favorite 0
quote 0
economy would be right now? >>> next, scanl. can you guess who made our list because of bad behavior? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. to the best vacation sp(all) the gulf! this season, discover aleve. it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry.
economy would be right now? >>> next, scanl. can you guess who made our list because of bad behavior? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. ♪ ♪ [ male announcer ] everyone deserves...
95
95
Dec 31, 2012
12/12
by
CNNW
tv
eye 95
favorite 0
quote 0
economy would be right now? >>> next, scandal. can you guess who made our list because of bad behavior? well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. >>> i'm don lemon with a look at your headlines. hillary clinton will spend new year's eve in a new york city hospital with a
economy would be right now? >>> next, scandal. can you guess who made our list because of bad behavior? well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows....
172
172
Dec 30, 2012
12/12
by
CNNW
tv
eye 172
favorite 0
quote 0
i think it hurts our economy if tax rates go up. that's why i'm concerned for the future and the growth of our economy and jobs. >> what is your all's sense of something that could pass what appears even from the first part of the conversation? the divides line is so bright. >> i'm optimistic, candy. i am he. i think the practical reality is come january 1 we begin to see the average middle class family having their taxes go up about $2200. one mom said to me in michigan, that's four months of groceries. that's commuting back and forth to work in gas for up to three years. i mean, that's a lot of money. i really do think even though there's great divides about the role of the wealthy in the country and whether she should be part of the solution, i do think that i'm optimistic we can come together to protect 98% of the public and 97% of small businesses. >> before 2013? >> yes. >> before 2013. >> i've actually always been hopeful despite the landscape. i mean, i do think, though, there's common ground around extending tax cuts for 98
i think it hurts our economy if tax rates go up. that's why i'm concerned for the future and the growth of our economy and jobs. >> what is your all's sense of something that could pass what appears even from the first part of the conversation? the divides line is so bright. >> i'm optimistic, candy. i am he. i think the practical reality is come january 1 we begin to see the average middle class family having their taxes go up about $2200. one mom said to me in michigan, that's...
304
304
Dec 28, 2012
12/12
by
CNNW
tv
eye 304
favorite 0
quote 0
economy. get a load of this. the container cliff. nearly 15,000 dockworkers from maryland to texas are threatening to strike, starting sunday, which could shut down more than a dozen key shipping ports and cripple commerce across the country. dock on workers are demanding higher container royalties to boost their pay. >>> did the newtown school shooter have an evil gene? scientists at the university of connecticut will study adam lanza's dna to see if a mutation or ab normality could have made him more violent? this is the first study of its kind on a mass killer. >>> jockeying started for john kerry's senate seat, even before it's vacant. massachusetts congressman ed markey throwing his hat into the ring in kerry becomes secretary of state, which is expected, a special election will be held early this summer. markey is the first prominent candidate to declare for the race. >>> love this story. paying it forward by paying it backward. a story of rampant generosity and good will in canada happening in winnipeg. one customer pulled up
economy. get a load of this. the container cliff. nearly 15,000 dockworkers from maryland to texas are threatening to strike, starting sunday, which could shut down more than a dozen key shipping ports and cripple commerce across the country. dock on workers are demanding higher container royalties to boost their pay. >>> did the newtown school shooter have an evil gene? scientists at the university of connecticut will study adam lanza's dna to see if a mutation or ab normality could...
260
260
Jan 2, 2013
01/13
by
CNNW
tv
eye 260
favorite 0
quote 0
and the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. >> so that was the president, let's talk to brianna keilar. covers the white house for us. live this morning from washington. brianna, we ran through the biggies there in the bill. i want you to run through what's not included in this bill. >> what you just mentioned, the spending cuts that are only in police for two months and then have to be dealt with, and the fact that the debt ceiling is going to be hit. right now, the treasury is taking extraordinary measures so it doesn't. but ultimately, congress will have to act in late february or early march. those are the things that congress has absolutely no choice. there is a deadline. have to deal with it. but democrats and republicans in the white house have also said they want to tackle long-term deficit reduction. that was the whole point of the fiscal cliff. that was supposed to be the incentive for tackling long-term deficit reduction. how are they going to do that? entitlement reform.
and the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. >> so that was the president, let's talk to brianna keilar. covers the white house for us. live this morning from washington. brianna, we ran through the biggies there in the bill. i want you to run through what's not included in this bill. >> what you just mentioned, the spending cuts that are only in police for two months and then have to be dealt with, and the...
157
157
Dec 28, 2012
12/12
by
CNNW
tv
eye 157
favorite 0
quote 0
and pledges like this don't make sense in a dynamic economy. we got to give our elected officials the tools and the leeway to do their jobs properly. and not hamstring them with promises that are made in a vacuum. promises that are made without context. so if members of congress, republicans and in particular, were able to free themselves from norquist's shackles, and take a real look at the merits versus the risks of raising taxes, they would see something interesting. while raising taxes is never ideal, the net effect to the economy of increasing the tax burden only on that portion of one's income that is higher than a quarter of a million dollars, by 4.6 percentage points, would have a negligible effect. that's because the proportion of what you need to spend on in life doesn't always go up in proportion to your income. let me put that another way. the more you earn, the less you need to spend on things that actually make the economy move. now, this is not an argument in favor of raising taxes on the rich. it is an argument against those who
and pledges like this don't make sense in a dynamic economy. we got to give our elected officials the tools and the leeway to do their jobs properly. and not hamstring them with promises that are made in a vacuum. promises that are made without context. so if members of congress, republicans and in particular, were able to free themselves from norquist's shackles, and take a real look at the merits versus the risks of raising taxes, they would see something interesting. while raising taxes is...
155
155
Jan 3, 2013
01/13
by
CNNW
tv
eye 155
favorite 0
quote 0
our economy is not producing enough jobs. these are not separate problems. at $16 trillion and rising, our national debt is draining free enterprise. the american dream is in peril and so long as its namesake is weighed down by this anchor of debt. jobs will come home and confidence will come back. we do this not just to boost gdp or reduce unemployment, but to secure for our children a future of freedom and opportunity. frankly nothing is more important. as washington wrote in his address we should not throw upon posterity the burden which we ourselves ought to bear. that burden is ours and so is the opportunity. there is no substitute for the wisdom of the people. we here are their servants. as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it's wrong to pass this debt on to our kids and grandkids. now we have to be willing, truly willing to make this problem right. public service was never meant to be an easy livi
our economy is not producing enough jobs. these are not separate problems. at $16 trillion and rising, our national debt is draining free enterprise. the american dream is in peril and so long as its namesake is weighed down by this anchor of debt. jobs will come home and confidence will come back. we do this not just to boost gdp or reduce unemployment, but to secure for our children a future of freedom and opportunity. frankly nothing is more important. as washington wrote in his address we...
260
260
Dec 30, 2012
12/12
by
CNNW
tv
eye 260
favorite 0
quote 0
and that would be the wrong thing to do for our economy. it would hurt middle class families and hurt the businesses that depend on your spending and congress can prevent it from happening, if they act now. leaders in congress are working on a way to prevent this tax hike on the middle class and i believe we may be able to reach an agreement that could pass both houses in time. >> the president will have another chance to deliver that message, again. this morning he will appear on nbc's "meet the press." his first sunday talk show appearance in three years. mr. obama is expected to call on a scale back plan that would only extend middle class tax breaks and unemployment benefits if the negotiations fail. republican senator mitch mcconnell is hoping there will be a plan to present today. >>> some sad news from hollywood. harry carey jr. has died. best known for his work in westerns appeared in almost 100 films including ten with john wane. but his career wasn't limited to the silver vene. he served in the u.s. navy during world war ii. he wa
and that would be the wrong thing to do for our economy. it would hurt middle class families and hurt the businesses that depend on your spending and congress can prevent it from happening, if they act now. leaders in congress are working on a way to prevent this tax hike on the middle class and i believe we may be able to reach an agreement that could pass both houses in time. >> the president will have another chance to deliver that message, again. this morning he will appear on nbc's...
260
260
Jan 1, 2013
01/13
by
CNNW
tv
eye 260
favorite 0
quote 0
economy is being held hostage by the u.s. congress. something to think about as we continue our new year's day. >> it was fascinating to hear that young woman's point of view there. obviously students and paying close attention. do you get that sense for most people where you are they are following this and understand how this really affects them? >> reporter: i think they do. i also sort of took a mini poll about what -- this wasn't directly related with the fiscal cliff but the payroll tax holiday, going away. a lot of people i talked with, they were discussing with me where they're going to cut back starting this year because the payroll tax holiday is going away. they're discussing what changes to make in their own budget. it's not just the fiscal cliff because many people are also sort of, you know, sort of looping in the payroll tax holiday to that as well. but as far as the fiscal cliff goes they don't know the minute details, they have a better understanding of the over all back and forth that's been going on. the majority of p
economy is being held hostage by the u.s. congress. something to think about as we continue our new year's day. >> it was fascinating to hear that young woman's point of view there. obviously students and paying close attention. do you get that sense for most people where you are they are following this and understand how this really affects them? >> reporter: i think they do. i also sort of took a mini poll about what -- this wasn't directly related with the fiscal cliff but the...